ABOUT US

Warees Investments Pte Ltd is one of the region’s premier endowment asset management companies, and is responsible for the development of prime commercial and residential properties as well as the conservation of culture and heritage. As an investment holding company, Warees thrives on managing endowments and institutional real estate portfolio and several subsidiaries while safeguarding and creating value for the community and its social beneficiaries.

Wholly owned by the Islamic Religious Council of Singapore (Muis), its hallmark sustainable framework features an integrated and dynamic endowment portfolio strategy driven by its vision of ‘Sustainable Assets. Nurturing Generations’. Through the years, Warees has emerged as a reputable real estate firm in the region through its excellent track record in property development and specialised services on endowment investment management. With each new project, Warees continues to set good standards not just in Singapore, but beyond through regional capacity building and collaborations.

Warees is the acronym for WAkafREalEState. Waris, as pronounced in Malay means ‘heritage’ and ‘beneficiary’, both of which are closely related to the management of trust properties. The logo is an expression of the letter ‘W’ and symbolises both a fountain and a tree. The fountain with its inflow and outflow of water reflects a sense of giving and receiving, while the tree represents growth, strength, shelter and nature. The rectangular box symbolises a solid and firm foundation.

Wareesan Management Pte Ltd is a subsidiary of Warees Investments Pte Ltd, where its business core is in the provision of exhumation and re-interment management for the community. The primary objective is to manage land optimisation and provide advisory support to the next-of-kin.

WHL originated in 2006 as a division within Muis’ wholly-owned subsidiary, Warees Investments Pte Ltd (WIPL). On 11 September 2014, the division was corporatised as a not-for-profit public company limited by guarantee (CLG). The corporatisation of WHL was crucial so as to strengthen governance and provide better strategic focus through a specialised management board. WHL is a Halal Assurance provider with the primary role of supporting Muis’ Halal Certification functions. It does so by providing dedicated resources to perform Halal Audits and Inspections in Singapore. WHL conducts more than 11,000 Halal Audits and Inspections annually to strengthen compliance with Muis Halal Certification Conditions.

The Community

As part of Warees’ sincere belief in corporate philanthropy and championing social cause for the community, to date Warees Group has disbursed over S$4.3 million benefitting over 60 beneficiaries which include Malay/Muslim organisations, mosques and madrasahs in Singapore.

ASSETS

Warees’ assets under management are categorised under two categories, Endowment Assets and Institutional Assets. Out of a total of 156 properties/assets with a value worth more than half a billion dollars, Warees manages 85 Muis-managed wakaf spread across Singapore.

BOARD OF DIRECTORS

Our Board provides overall guidance and policy directions to our management. We have eight members on our Board.

BOARD OF DIRECTORS October 8th, 2017Ms Zarena

Haider M Sithawalla

Chairman

He is currently a Director of Savant Infocomm and Eastcom Systems. He was Singapore’s High Commissioner (non-resident to Mauritius and Zimbabwe), and holds many senior positions including a trustee of NTUC Fairprice.

BOARD OF DIRECTORS October 8th, 2017Ms Zarena

Mustaza Kassim

Director

He is the Country Head of Abu Dhabi Commercial Bank (Singapore and Head Singapore Representative Office) and a board member of Mendaki SENSE.

BOARD OF DIRECTORS October 8th, 2017Ms Zarena

Sallim Abdul Kadir

Director

He is a board member of Mendaki Holdings, Chairman of Suara Musyawarah, and a member of Muis Council. He is the Director of Human Capital, Consistel, and served as Director of Human Resources at PricewaterhouseCoopers.

BOARD OF DIRECTORS October 8th, 2017Ms Zarena

Dr Ab Razak Chanbasha

Director

He is currently a Technical Director with ARC Sciences and serves as a board member of Centre for Research on Islamic and Malay Affairs (RIMA), a subsidiary of AMP Singapore and a member of the MUIS Council.

BOARD OF DIRECTORS October 8th, 2017Ms Zarena

Ustaz Irwan Hadi Mohd Shuhaimy

Director

He is the Assistant Director of Office of The Mufti and Asatizah (religious teacher) Development at the Islamic Religious Council of Singapore. He is also the Secretary of the Fatwa Committee of Singapore and sits on the Executive Council of the Singapore Islamic Scholars and Teachers Association (PERGAS).

BOARD OF DIRECTORS October 8th, 2017Ms Zarena

Suhaimi Zainul Abidin

Director

He is a Director and General Counsel of Quantedge Capital. He currently holds the appointments of Council Member of the National Arts Council, Council Member of the Charity Council, Board Member of Skillsfuture SG, Director of Mendaki SENSE, Executive Committee Member and Honorary Secretary of the Breast Cancer Foundation. He is also an Adviser to Five Pillars Pte Ltd and Financial Syariah Advisory & Consultancy, a division of PERGAS (Singapore Islamic Scholars & Religious Teachers Association).

BOARD OF DIRECTORS October 8th, 2017Ms Zarena

Siti Suriah Taib

Director

She is an Associate Director with Architects 61 Pte Ltd and holds a professional registration with Board of Architects (Singapore) since 1989.

BOARD OF DIRECTORS October 8th, 2017Ms Zarena

Haider M Sithawalla

Chairman

He is currently a Director of Savant Infocomm and Eastcom Systems. He was Singapore’s High Commissioner (non-resident to Mauritius and Zimbabwe), and holds many senior positions including a trustee of NTUC Fairprice.

BOARD OF DIRECTORS October 8th, 2017Ms Zarena

Mustaza Kassim

Director

He is the Country Head of Abu Dhabi Commercial Bank (Singapore and Head Singapore Representative Office) and a board member of Mendaki SENSE.

BOARD OF DIRECTORS October 8th, 2017Ms Zarena

Sallim Abdul Kadir

Director

He is a board member of Mendaki Holdings, Chairman of Suara Musyawarah, and a member of Muis Council. He is the Director of Human Capital, Consistel, and served as Director of Human Resources at PricewaterhouseCoopers.

BOARD OF DIRECTORS October 8th, 2017Ms Zarena

Dr Ab Razak Chanbasha

Director

He is currently a Technical Director with ARC Sciences and serves as a board member of Centre for Research on Islamic and Malay Affairs (RIMA), a subsidiary of AMP Singapore and a member of the MUIS Council.

BOARD OF DIRECTORS October 8th, 2017Ms Zarena

Ustaz Irwan Hadi Mohd Shuhaimy

Director

He is the Assistant Director of Office of The Mufti and Asatizah (religious teacher) Development at the Islamic Religious Council of Singapore. He is also the Secretary of the Fatwa Committee of Singapore and sits on the Executive Council of the Singapore Islamic Scholars and Teachers Association (PERGAS).

BOARD OF DIRECTORS October 8th, 2017Ms Zarena

Suhaimi Zainul Abidin

Director

He is a Director and General Counsel of Quantedge Capital. He currently holds the appointments of Council Member of the National Arts Council, Council Member of the Charity Council, Board Member of Skillsfuture SG, Director of Mendaki SENSE, Executive Committee Member and Honorary Secretary of the Breast Cancer Foundation. He is also an Adviser to Five Pillars Pte Ltd and Financial Syariah Advisory & Consultancy, a division of PERGAS (Singapore Islamic Scholars & Religious Teachers Association).

BOARD OF DIRECTORS October 8th, 2017Ms Zarena

Siti Suriah Taib

Director

She is an Associate Director with Architects 61 Pte Ltd and holds a professional registration with Board of Architects (Singapore) since 1989.

SENIOR MANAGEMENT

It deliberates on management proposals for investment and risk issues before these are submitted to the Board of Directors. Senior Management also reviews and approves corporate governance and policy issues of significance and criticality to the entire Warees Group.

SENIOR MANAGEMENT November 10th, 2018Ms Zarena

Zaini Osman

Chief Executive Officer

As Chief Executive Officer (CEO) of Warees Investments, Zaini leads a team of real estate investment professionals managing endowment and institutional properties with a strong element of heritage, developing strategies to unlock their value and safeguard these community’s portfolio valued at almost S$600 million. Given his years at the Islamic Religious Council of Singapore (Muis), his exposure in systems and policy development, financial audit and regulation, development planning as well as leadership development, provided him good understanding of community issues and the ability to engage and network with government agencies.

SENIOR MANAGEMENT November 10th, 2018Ms Zarena

Wan Zaid Dehya Kamal

Senior Vice President (Community Infrastructure)

He brings 20 years of experience to Warees, ensuring every project meets its time and budget requirements. His expertise in facilities and project management drives Warees’ strategic direction and development objectives.

SENIOR MANAGEMENT November 10th, 2018Ms Zarena

Rumaizah Modafi

Vice President (Endowment Development)

She brings 20 years of private-sector experience to Warees and Muis, where she oversees the asset management team and spearheads WRS projects. Rumaizah’s considerable talents in the construction industry is leveraged throughout the team at Warees.

SENIOR MANAGEMENT November 10th, 2018Ms Zarena

Khuzaima Raja Kamarul-Den

VICE PRESIDENT (FINANCE & CORPORATE SERVICES)

Khuzaima has 15 years of experience in accounting and auditing. She manages Warees Group finances and cash flow including development project revenue and expenditure and the accounting of Muis Wakaf funds managed by Warees Investments. She also oversees the Group’s Corporate Services which include Human Resources and Office Administration.

SENIOR MANAGEMENT November 10th, 2018Ms Zarena

Zaini Osman

Chief Executive Officer

As Chief Executive Officer (CEO) of Warees Investments, Zaini leads a team of real estate investment professionals managing endowment and institutional properties with a strong element of heritage, developing strategies to unlock their value and safeguard these community’s portfolio valued at almost S$600 million. Given his years at the Islamic Religious Council of Singapore (Muis), his exposure in systems and policy development, financial audit and regulation, development planning as well as leadership development, provided him good understanding of community issues and the ability to engage and network with government agencies.

SENIOR MANAGEMENT November 10th, 2018Ms Zarena

Wan Zaid Dehya Kamal

Senior Vice President (Community Infrastructure)

He brings 20 years of experience to Warees, ensuring every project meets its time and budget requirements. His expertise in facilities and project management drives Warees’ strategic direction and development objectives.

SENIOR MANAGEMENT November 10th, 2018Ms Zarena

Rumaizah Modafi

Vice President (Endowment Development)

She brings 20 years of private-sector experience to Warees and Muis, where she oversees the asset management team and spearheads WRS projects. Rumaizah’s considerable talents in the construction industry is leveraged throughout the team at Warees.

SENIOR MANAGEMENT November 10th, 2018Ms Zarena

Khuzaima Raja Kamarul-Den

VICE PRESIDENT (FINANCE & CORPORATE SERVICES)

Khuzaima has 15 years of experience in accounting and auditing. She manages Warees Group finances and cash flow including development project revenue and expenditure and the accounting of Muis Wakaf funds managed by Warees Investments. She also oversees the Group’s Corporate Services which include Human Resources and Office Administration.

ENGAGE

Welcome to Warees’ news page where you can find the latest company news or for a selection of press articles news and our asset development launches dating back to 2013. We also share some key trends and developments which the company deems fit here.